Recently, Svitzer took an important step towards strengthening its presence in Africa by signing a five-year contract with Nacala Logistics in Mozambique for harbour towage, occasional pilot transfer and potential salvage work in the port of Nacala.
Malawi and Zambia recorded reduced trade flows in March and April according to the latest report from the COMESA Statistics on COVID 19 Impacts on Trade.
The Rand Merchant Bank (RMB) confirmed that a liquefied natural gas (LNG) project in Mozambique is expected to receive $15 billion (R267bn) of financing commitments at a signing scheduled for June 2020.
Main One has been entrusted by the State of Burkina Faso, backed by the World Bank, to provide bulk connectivity services to a consortium of operators.
Western Union and South Africa's Mama Money have joined forces to enable Mama Money customers to send money to their loved ones around the world via Western Union’s Global Network.
The Covid-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year from fossil fuels to renewables and efficiency, the IEA said in a new report.
InspiraFarms, an on- and off-grid cold storage solutions provider in East and Southern Africa, has closed a Series B to further expand its operations in the region.
In response to challenges across Africa around land ownership and use, the African Natural Resources Centre (ANRC) of the African Development Bank is launching a series of articles to aid policy debate.
Nespresso, an operating unit of the Nestlé Group, has introduced AMAHA awe UGANDA, ‘Hope of Uganda’, a new and seasonal coffee from the Rwenzori Mountains of Uganda.
CNN International has teamed up with the United Nations World Tourism Organization, UNWTO, on a campaign that aims to drive imagination for future trips.
An international team of researchers and organizations has been awarded over €6.7 million from EU Horizon 2020 to help tackle food and water insecurity in the Horn of Africa Drylands.
Africa Regional Integration Index underlines integration as key to building more resilient economies
The 2019 Index, which builds on the first edition published in 2016, provides up-to-date data on the status and progress of regional integration in Africa.
CNN International Commercial Vice President and Marketing Lead James Hunt discusses strategies the company has put in place while working with brands to remobilize as they adapt to the new world order.
Africa Regional Integration Index calls on continent to build more resilient economies through integration
The second Africa Regional Integration Index (ARII 2019) was launched by the Economic Commission for Africa (ECA), the AfDB and the African Union Commission, with a call to action to African economies to deepen their integration.
Global Finance has named Ecobank as the most innovative bank in Africa.
Eutelsat Communications’ HOTBIRD video hotspot has been selected by Travel Africa Network for the broadcast of its first High Definition African travel channel.
Centurion Plus has launched its full-suite Africa Tax and Investment Service, to be powered by its fully integrated resource base of country-qualified and internationally mobile professionals.
Bango has successfully launched carrier billing routes in the Google Play store for new operators in Asia, Latin America and Africa.
The Africa Private Creditor Working Group is an initiative to represent the views of international private creditors invested in Africa and to work with countries on their financing needs during the COVID-19 crisis.
Switzerland-headquartered Vertis Aviation has added an Embraer ERJ145 to its Vertis Charter Management Programme, VCMP.
AgDevCo has announced a long-term debt investment into Pee Pee Tanzania Limited (PPTL), a regional leader in the production of grain storage bags.
Vodacom Group has simplified its structure following the recent expansion of its African portfolio and accelerated growth ambitions on the continent, including financial and digital services.
Kenya’s agritech and financial services startup Apollo Agriculture has raised $6 million in Series A financing to bolster its resolve to empower small-scale farmers to maximize their profits.
Tomato Jos, an agro-processing company focused on the local production of high-quality tomato paste for the African market, has completed a €3.9 million Series A round.
Focused on financial inclusion, Ukheshe’s technology platform helps banks and telcos provide affordable digital banking and payment services
Team Europe - the EU, Germany, the Netherlands, Belgium, France, Sweden and Denmark are bolstering food security in Kenya and the region with over Ksh 16 billion (EUR 140 million) at a time of crisis due to COVID-19.
True Tesla Technologies Mauritius partners with CEB for world’s first cascading hydro power plant pilot project
True Tesla Technologies in Mauritius has entered into a connection agreement with CEB, for the installation of an innovative Tesla Cascading Hydro Power Plant.
DHL Global Forwarding, Deutsche Post DHL Group’s air and ocean freight specialist, has launched myDHLi, the only fully integrated online platform for freight forwarding customers.
Global food and beverage company, PepsiCo headquartered in New York has appointed Pioneer Foods boss Tertius Carstens as its sub-Saharan Africa chief executive to assume the position immediately.
Global food and agri-business Olam International has achieved Forest Stewardship Council (FSC) certification for its Mimbeli-Ibenga forestry concession.
Workonline Communications, a provider of wholesale IP transit and connectivity services is extending its reach to France-IX, one of Europe’s leading Internet Exchanges (IXs).
Andersen Global has expanded its presence in Eastern Africa through a Collaboration Agreement with Madagascar-based tax and legal firm HK Jurifisc.
Borderlands across the Horn of Africa are isolated, poor, and insecure, yet they hold real economic potential driven by a wealth of natural resources and some of the world’s most rapidly growing economies.
The dire socio-economic consequences of the COVID-19 pandemic may more than double the number of hungry people in East Africa and the Horn over the next three months, a report from the United Nations World Food Programme (WFP) has found.
With an economic recession expected at -1.4 per cent by IMF this year, Angola is expected to be less hit than its immediate neighbours or than the rest of African oil-producing countries.
Innovate Now Accelerator Programme seeks African mobile solutions to assist persons with disabilities
Innovate Now, is seeking applications from innovators across the African continent who are dedicated to developing mobile based technologies designed to assist people living with disabilities.
The OPEC Fund for International Development has increased its trade finance program from $50 to $100 million to enable international financial services firm Natixis to enhance support for trade and development in Africa.
The COMESA Secretariat has embarked on the assessment of the impact of the outbreak of COVID-19 on the Consumer Price Index (CPI) data collection.
Africa Oil & Power (AOP) has pledged its commitment to the ‘Equal by 30’ campaign to advance the participation of women in the clean energy transition.
Mastercard to connect one billion people, 50 million small businesses, 25 million women entrepreneurs to the digital economy by 2025
Mastercard has expanded its worldwide commitment to financial inclusion, pledging to bring a total of 1 billion people and 50 million micro and small businesses into the digital economy by 2025.
Invasion of desert locusts, civil conflicts in parts of the West African region, and the global outbreak of COVID-19 pause a huge threat to Africa’s 2020 food security.
The African Export-Import Bank (Afreximbank) vaulted market uncertainties caused by COVID-19 pandemic to successfully conclude a dual-currency Syndicated Loan, raising the equivalent of US$907.5 million.
Khaltsha Cycles and Avalanche Bicycle Company have come together to launch the Heroes on Bikes campaign to raise funds towards supporting essential workers.
To further solidify its market-leading position, DHL Global Forwarding has made some key appointments to its leadership teams in Central and Southern Africa.
Digital Afrique Telecom launches smart delivery app to simplify businesses order and delivery process
Digital Afrique Telecom (DAT) has announced the successful launch of a Smart delivery app to enable businesses to simplify their order and delivery process.
COMESA convened a virtual meeting to approve a harmonized set of regional guidelines developed to facilitate movement of goods and services across the region during the COVID-19 pandemic.
COVID-19 will trigger a sharp drop in household incomes in Middle East and North African (MENA) countries that are fragile and in conflict situations, such as Afghanistan, Djibouti, Iraq, Lebanon, Sudan, and Somalia.
EXIM approves amended financing of U.S. exports to Mozambique LNG project, support more U.S. jobs in additional states
The BOD of the EXIM unanimously voted to amend the agency’s previously approved September 2019 direct loan supporting U.S. exports for the development and construction of an integrated LNG project in Mozambique.
Shell Gas B.V., a subsidiary of Royal Dutch Shell plc, has announced that all conditions for its Final Investment Decision (FID) on a new LNG processing unit at Nigeria LNG have now been met.
Finnfund has extended a syndicated loan to ETG Group that has developed into a global player with a diverse portfolio of expertise across multiple industries, encompassing agricultural inputs.
RADWIN has announced that Onatel - a service provider in Burkina Faso – has chosen RADWIN's JET DUO base station which supports both the 5.xGHz and 3.5GHz bands in a single enclosure.
The rapid global spread of COVID-19 has forced business, education, and social activities to be conducted virtually.
CBi Innovations Limited (CBiIL) has chosen the SAP Rural Sourcing Management solution to support 850 000 small maize producers and integrate them into the agricultural value chains.
The coronavirus pandemic cut global trade values by 3% in the first quarter of this year, according to the latest UNCTAD data published in a joint report by 36 international organizations.
Moody's Investors Service, has changed the outlook of KCB Bank Kenya Limited, Equity Bank and Co-operative Bank of Kenya Limited long-term deposit ratings to negative from stable.
Equatorial Guinea continues to lead the development of natural gas production and monetization in the Gulf of Guinea, with the award of a new contract for a new Gas Master Plan.
Against the backdrop of a devastating pandemic, the global economy is projected to contract sharply by 3.2 per cent this year, according to the United Nations World Economic Situation and Prospects (WESP) mid-2020 report.
As the economic effects of the coronavirus pandemic continue to unfold, it becomes clear that some will be hit harder than others.
Andersen Global has partnered with Mauritania-based legal firm Chinguity Law to grow its West African footprint.
Brazilian Kryptus, specialized in cryptography and information security, has announced the expansion of its international activities in Europe, Middle East and Africa.
Carlos Felipe Jaramillo, an economist and development expert with almost two decades of experience at the World Bank Group, has been appointed Vice President for the Latin America and the Caribbean Region.
Egypt’s economy will slow sharply this year because of the impact of the coronavirus, but will avoid a recession, according to the latest forecast by the EBRD.
Morocco’s economy will decline by 2 per cent in 2020 because of the economic impact of the coronavirus pandemic, but a 4 per cent rebound is expected in 2021, according to the latest forecast by the EBRD.
Cadbury Nigeria’s board of directors has voted to extend collaboration with extended partnership with confectioneries and beverages multinational, Mondelez International, for one year.
Norway has pledged to do more to assist these countries strengthen their health systems and assist vulnerable people,’ said Minister of International Development Dag-Inge Ulstein.
As part of ongoing efforts to combat child labor in the cocoa sector, Cargill is leveraging existing partnerships to extend the reach of its child labor monitoring and remediation mechanisms.
The director of regional integration and trade at ECA, Stephen Karingi, says 2020 that the African Continental Free Trade Area (AfCFTA) could help African economies recover from the impact of COVID-19.
As governments across the globe impose movement restrictions to prevent the spread of COVID-19, data from WorldRemit shows this is changing the way people send and receive money abroad.
Cigna Corporation, a global health services company, has appointed Jerome Droesch as Chief Executive Officer for the Middle East and Africa (MEA) region.
Rosgeo and the Ministry of Mines and Hydrocarbons of Equatorial Guinea have signed contracts for the initial phase of seismic acquisition in transit zone and state geological mapping in the Rio Muni area.
The European Bank for Reconstruction and Development (EBRD) is rolling out a programme in response to the economic impact of the coronavirus pandemic in Egypt, with a financial package for QNB ALAHLI.
More than twelve trade agreements which have been operational in the Common Market for several years have been banned by the COMESA Competition Commission (CCC) for being anti-competition.
Angola produced 8,000 tons of coffee in 2017 – a fraction of the more than 230,000 tons it produced annually in the early 1970s when it jockeyed with Côte d’Ivoire and Uganda for the title of Africa’s top exporter.
The Economic Commission for Africa (ECA) has released a new report proposing to African nations various coronavirus disease (COVID-19) exit strategies.
AfDB has welcomed a decision by CTF to extend a $10 million concessional senior loan for development of the 50 MW Tulu Moyo Geothermal Power Plant project in Ethiopia.
In line with its strategy of actively managing its asset portfolio and its objective to divest $5 billion on years 2019-2020, Total is pursuing the divestments of several non-core assets.
The Climate Resilient Agribusiness for Tomorrow project has co-invested € 2 million in grants to 14 private sector companies working in agriculture value chains in Kenya, Tanzania and Uganda.
Netflix has announced the introduction of a Made in Africa collection - a curated list of African series, films and documentaries - to celebrate Africa Month.
Ericsson has appointed Todd Ashton as the Vice President and Head of Ericsson South & East Africa within Market Area Middle East and Africa.
Air Mauritius has resumed commercial cargo operations to and from some designated destinations.
Vubiquity has announced that it will become a premium content supplier and exclusive content curator for Airtel Africa.
Olam International and its wholly owned subsidiary, Olam Treasury Pte. Ltd., have secured multi-tranche financing facilities aggregating $176 million.
The Djibouti insurance sector is expected to grow at a considerable pace in coming years owing to the improving socio-economic growth of the country.
Moody's Investors Service, has changed the outlook on the Government of Kenya's ratings to negative from stable.
Vendekin Technologies and Marshal have entered into a partnership to expand the 'V-Commerce' ecosystem in Middle East and Africa.
Vantage Capital, Africa’s largest mezzanine debt fund manager, announced that it has fully exited its investment in Vumatel, the largest fibre-to-the-home network provider in South Africa.
The European Union (EU) and partners are collaborating to create jobs for at least 5,000 people in Ghana.
Ecobank Group is leveraging its distribution and partner networks to raise awareness of literacy apps in the Google Play Store to support the education of children who are at home due to the COVID-19 pandemic.
The African Energy Chamber has become a signatory to the Equal by 30 Campaign which calls for equal pay, equal leadership and equal opportunities for women in the clean energy sector by 2030.
Stunning drops in crude oil prices—the result of COVID-19-related declines in demand and an oil price war between Saudi Arabia and Russia—have been taking their toll around the globe this spring.
Network Airline Management and TAAG Angola Airlines have renewed their long-term B747-400F aircraft contract by an additional 12 months.
Asoko Insight has announced that the deal origination platform will continue to match UK investors and businesses to fund-seeking African corporates for a further six months.
Silafrica has announced it is introducing the Smart Crate Technology for Twiga Foods, a Kenyan company.
Sudan’s national fibre optic backbone and international fibre connections have placed its telecommunication infrastructure among the regional frontrunners.
Restrictions on cross border movement imposed in response to the Coronavirus pandemic by countries in the region, have adversely affected the supply of seeds which may lead to food insecurity.
World food commodity prices declined for the third month in a row during April, as the economic and logistical impacts of the COVID-19 pandemic resulted in significant contractions in demand for many commodities.
The South African Revenue Service says the country’s tax and revenue performance has taken a knock as a result of an ailing economy compounded by the COVID-19 pandemic.
Mastercard has partnered with transportation solutions provider EYWA and leading financial institution NMB Bank to launch the EYWA Transit Solution in Tanzania.
DFA has become the first telecommunications provider in 10 years to be granted an operating licence by the Postal and Telecommunication Regulatory Authority of Zimbabwe.
Grain market in Africa is continuing to exude a bullish performance according to a report by IndexBox, citing that the revenue in 2018 amounted to $109 billion.